Bank Audi - FCRs Affirmed at 'SD'

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank Audi SAL (Audi) at 'SD' (Selective Default). At the same time, CI Ratings has affirmed Audi's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'c' and 'c+', respectively.

The Bank's FCRs reflect the restrictions applied by all Lebanese banks on the withdrawal of deposits and, in particular, the imposition of adverse changes in the terms and conditions of certain types of foreign currency deposits.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Lebanon, Bank Audi SAL )
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